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Howard Schultz making presentation Howard Schultz, seen here at Wednesday’s Investor Day event, will stay on as Starbucks chairman.

SEATTLE—Starbucks said Wednesday it plans to open 12,000 new locations globally by 2021, an increase of nearly 50% on the coffee chain’s current store count worldwide. Over the next five years, the Seattle-based retailer intends to grow revenue by 10%, earnings per share by 15% to 20% and same-store sales by mid-single-digit percentages each year. The revenue and earnings growth plans include the channel development segment, with foodservice and packaged goods part of the mix.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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